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JPMorgan analyst sees ‘conditional’ upside to $45,000 in Bitcoin

JPMorgan: Gold prices signal Bitcoin should be at

JPMorgan Analysts Believe Bitcoin Should be at $45,000, Why?

In A Recent Note

JPMorgan analysts have revised their estimate for the cost of producing one bitcoin to $45,000, citing recent changes in the Bitcoin mining hashrate. This update comes

JPMogan analyst Nikolaos Panigirtzoglou says Bitcoin should be trading at $45,000. His forecast is based on gold that's near $2,000 an ounce.

In a recent note, JPMorgan strategists have made a prediction, suggesting that Bitcoin (BTC) could soar and revisit its former trading price of $45,000 due to the rising

Jpmorgan Strategists Claim That Given

JPMorgan strategists claim that given the price of gold, Bitcoin should be trading at a significant premium to where it is right now. The analysts believe this since many

Bitcoin Price Suddenly Soars As Congress Predicted To ‘Make

JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why

Now

Bitcoin price could reach $45,000 due to rising gold price, says

JPMorgan Raises Bitcoin Mining Cost Estimate to $45,000 - Coin

Now, as crypto traders brace for a perfect storm to hit the bitcoin price, JPMorgan analysts have flipped from gold to bitcoin, predicting the bitcoin price will outperform

The Current Gold Price Of

The current gold price of nearly $2,000 per ounce would imply a bitcoin price of $45,000, according to JPMorgan analysts, as the two assets tend to move in tandem